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UK-based ANGLE Technology has been chosen by the Fairfax County Economic
Development Authority in northern Virginia, USA to design and run that
region’s first incubator that targets a segment of the biotechnology
industry.

ANGLE Technology has offices across the U.K. in Guildford, Manchester,
Aberdeen and Glasgow, and its U.S. headquarters is in Herndon, Virginia.
ANGLE Technology is one of 35 UK- headquartered technology companies to have
chosen Fairfax County, technology centre of the Washington, D.C. region and
the U.S. east coast.

The 8,500-square foot incubator plans to open in early 2002 and will
accelerate the growth of start-up companies involved in bioinformatics, a
field in which computer hardware and software is used to further the study
of biotechnology issues such as the human genome and development of new
drugs and other biotechnology products.

The centre will be a catalyst for growth of the bioinformatics and
biotechnology industry in Fairfax County and northern Virginia, create a new
employment base for the local community, and further diversify the Fairfax
County economic base, said Gerald L. Gordon, President and CEO of the FCEDA.

“I see bioinformatics in the Fairfax County of 2010 to be the same economic
force that telecommunications and the Internet have been for the last
decade, and the incubator will be central to that vision,” Gordon said.
“ANGLE Technology is a leader in this type of programme management and will
be a tremendous asset to this effort.”

ANGLE, which has worked widely with a number of British Government
departments and the European Commission, will operate the incubator, select
companies for the centre and design a work programme for them. The incubator
will cost about UK£1 million (US$1.5 million) to run over three years and be
able to hold from six to 10 companies at a time.

“We are delighted to be working with Fairfax County,” said Dr Gary P. Evans,
U.S. CEO of ANGLE Technology. “Fairfax is uniquely positioned to exploit a
range of inherent advantages, including the world-class information
technology and telecommunications capabilities of its companies, which can
provide a platform for the bioinformatics industry; proximity to federal
agencies involved in biotechnology and life sciences, and higher-education
resources. We believe that the incubator can serve as a focal point for the
growth of bioinformatics in Fairfax County.”

Ends

CONTACTS:

Dawson Buck,
ANGLE Technology Ltd,
Chief Operating Officer,
db@angletechnology.com,
Office 01483 295830,
Mobile 07836777779

Alan Fogg,
Fairfax County Economic Development Authority,
Director of Communications,
afogg@fceda.org,
00 1 703-790-0600

David Wallen/Ross Clarke,
LIVEpr,
020 7630 1100,
Fairfax@livepr.net


About ANGLE Technology Ltd:
Established in 1994, ANGLE Technology (www.angletechnology.com) is a venture
management and commercialisation firm with strengths in biotechnology,
information technology, environmental and materials sciences and
telecommunications. ANGLE develops and manages research parks, accelerators
and incubators; creates, manages and finances technology-based companies;
and collaborates with companies, universities and government institutes to
create companies based on protected intellectual property. ANGLE is based
in Guildford, Surrey.


About the FCEDA:
The Fairfax County Economic Development Authority (www.FairfaxCountyEDA.org)
promotes Fairfax County as a business and technology centre. Domestic and
international marketing staffs work with US and foreign companies interested
in establishing and expanding operations. A market research and real estate
division help clients learn more about property and business opportunities.
The FCEDA runs a capital attraction programme to link entrepreneurs and
start-up firms with financing sources. Another programme assists small,
minority- and women-owned businesses. The FCEDA has marketing offices in
London, Frankfurt and Tokyo. It also established an incubator for
information technology start-up firms.


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